An Adjusted Trial Balance Is Given Below

question 166

Multiple Choice

An adjusted trial balance is given below. What will be the final balance in the company's Owner,Capital account after recording the closing entries?

• A) $38,100
• B) $39,600
• C) $26,300
• D) $2,300

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Definitions:

65 Years

A time period equivalent to sixty-five years, often referenced in discussions of age or time to retirement.

Common Stock

A type of security that represents ownership in a corporation and gives holders voting rights, as well as a share in the company's profits via dividends.

Per Year

A term indicating something occurs, is measured, or is evaluated on an annual basis.

8 Years

A period or duration of eight calendar years.